Liz’s view The narrative about private credit is familiar by now — it’s a garbage heap of bad loans, waiting to ignite. A tiny corrective comes from a strange place: the industry’s biggest competitors. Big banks have been busy refinancing loans made by private-credit firms. By putting their own balance ...
Burnham faces Britain’s overseas business woesBurnham faces Britain’s overseas business woes
The UK’s new Prime Minister, Andy Burnham, wants to make British business great again. But businesses want to be where their customers and investors are, and with the UK’s wan economic growth and thinner capital markets, that’s increasingly elsewhere. Many of Britain’s corporate crown jewels make more of their money ...
Chinese magnet shipments to US fall despite trade truceChinese magnet shipments to US fall despite trade truce
China’s US-bound shipments of rare-earth magnets so far this year are 20% below average levels seen between 2022 and 2024, customs data showed, despite the countries’ trade truce. As part of last year’s agreement with Washington, Beijing committed to a one-year pause in implementing sweeping export restrictions over the critical ...
Chinese startup founded by AI pioneer eyes potential IPOChinese startup founded by AI pioneer eyes potential IPO
O1.ai, the Chinese AI startup founded by AI pioneer Kai-Fu Lee, is aiming to raise funds ahead of a potential 2027 IPO, joining other AI labs that have gone public or plan to. Unlike China’s other “AI Tigers,” including Zhipu, DeepSeek, and Moonshot, O1.ai has pivoted from building frontier models ...
BlackRock’s M&A spree comes into clear viewBlackRock’s M&A spree comes into clear view
BlackRock’s $25 billion M&A spree is starting to click. The company is raising $12 billion of debt for a Texas data center to be occupied by Meta — its first deal that puts infrastructure investor GIP and private-credit firm HPS to work in a major way since BlackRock bought them ...
Football, golf … behold the future of world sport: Donald Trump as referee-in-chief | Marina HydeFootball, golf … behold the future of world sport: Donald Trump as referee-in-chief | Marina Hyde
After his dubious intervention at the World Cup, the president is now an arbiter of high-level fairway disputes. There’s one word for that: SAD! For so many of us around the world, the final scenes of the World Cup were a chance to switch off the TV with an eye-roll ...
What Does Olive Garden’s Never-Ending Pasta Have to Do With Voting Rights?What Does Olive Garden’s Never-Ending Pasta Have to Do With Voting Rights?
When I was 20 years old, I went to my hometown Olive Garden with one goal in mind: For less than $10, I would attempt to eat so much bottomless pasta in their so-called Never-Ending Pasta deal that either the staff would be forced to stop me and my idiot ...
Apple Fixes Hide My Email Vulnerability After 404 Media CoverageApple Fixes Hide My Email Vulnerability After 404 Media Coverage
Apple says it has fixed a vulnerability in its Hide My Email feature which let essentially anyone figure out a user’s real email address which was supposed to be protected by the feature. Apple only fixed the vulnerability after 404 Media wrote about it at the start of July, despite ...
AI Companies Are Buying Tons of Old Books Because They’re Free of AI SlopAI Companies Are Buying Tons of Old Books Because They’re Free of AI Slop
As AI companies search for more training data to improve their models, one company is offering old, printed books as an ideal source because they are guaranteed to be free of the very AI slop AI companies are producing. “The world’s best AI training data is sitting on a shelf,” ...
Ann Widdecombe was hit on head 21 times with hammer, prosecutors sayAnn Widdecombe was hit on head 21 times with hammer, prosecutors say
Joshua Kerry, 28, attacked Widdecombe while she was eating lunch at her home in Devon before stealing her wallet, prosecutors say. ...